Car sales move online and these car stocks are driving the change

Shaq is going to have to change his sales tactics in an online world. For the first time ever, millennials bought more cars than baby boomers and it looks like this trend is here to stay. The difference is  – they’re doing it online. No showroom, no problem Buying a car is a tiring process…

Read more

Nvidia receives analyst upgrades after massive first quarter

Only 4 publicly traded US companies have a value of over $1t – Apple, Microsoft, Amazon and Alphabet. Nvidia, America’s largest semiconductor company, is trying to be the next after reporting record earnings in May – leading to big upgrades from analysts. Chipping away at the $1t mark Nvidia’s computer chips are powering the biggest…

Read more

Reopening stocks at risk of consumer spending slowing down

Where did all that stimmy go? First to trading accounts, and now to bars, restaurants and of course, more AMC stock. Reopening stocks: News broke yesterday that American retail sales fell 1.3% in May after rising 4.7% in March and 0.9% in April. While spending has likely shifted from retail to restaurants, travel and services…

Read more

Honest Company stock: analysts see potential but competition heats up

Honest company stock: Celebrities don’t get rich off their main gigs. Their side hustles are where the big $$ is made. In Jessica Alba’s case, $94m to be exact. Alba’s The Honest Company stock went public last month with a strong debut before share prices fell 35%. But the company started recovering this week, and…

Read more

Investors Rush into Dividend Stocks in 2021

No meme stocks in this section. Why’s that? Dividend stocks are making a comeback. ELI5: What are dividends? Dividend stocks at the end of the tunnel During the pandemic, companies were forced to preserve cash by suspending/lowering their dividends. With the economy recovering and companies emerging in a stronger position, companies are once again distributing…

Read more

How to invest in cybersecurity stocks in 2021

Turns out COVID isn’t the biggest threat of 2021, cyberattacks are. In 2020, 51% of the US organizations surveyed by software safety company Sophos were hit by ransomware. Cybersecurity stocks are in focus after yet another attack last week and it’s clear – the need for cybersecurity is at an all-time high. Attack of the modern-day…

Read more

Acorns stock – the latest investing app to go public via SPAC

Acorns stock: Dwayne Johnson is about to see his Acorns grow into a mighty rock. Last Thursday, Acorns, the all-in-one investing platform, announced it’s going public via SPAC – with a $2.2b valuation. The aftermath of the meme stock frenzy Maybe it was boredom, or maybe it was the meme stocks. Either way, the pandemic…

Read more

Vimeo stock has potential despite its disappointing market debut

Vimeo Stock: Another bird has left the nest for IAC Interactive. Vimeo, the video-creation platform, debuted on the stock market May 25. Vimeo is now the 11th company taken public by IAC (NASDAQ:IAC) in a spin-off. ELI5: A spin-off is the separation of a business unit/subsidiary into a standalone company – trading with its own…

Read more